Joe’s Crab Shack In JAX Beach Sold to Investors At 7.1 Cap
In a net-leased sale, the Joe’s Crab Shack in JAX Beach sold to a CA-based private equity group that paid $4M for the building, or a reported 7.1% cap rate as it is subject to a lease to Joe’s until 2020. Teresa Stepzinski of The Florida Times-Union has the announcement.
Posted on February 18, 2014, in Hotel-Restaurant-Tourism, Shopping Centers/Retailers, Single Tenant Net Leased (STNL), Transactions and tagged JAX Beach, joes crab shack, NNN, sale, The Florida Times-Union. Bookmark the permalink. Leave a comment.